Gold futures fluctuated in a narrow range, tilted lower during the Asian session, shrugging off the decline of the US dollar index for the fourth consecutive session from its highest since October 15 last in accordance with the inverse relationship between them on the eve of developments and economic data …
The pair is trading below the level of 1.1075 due the weaker yields of US treasuries, while the short positions are closing en masse in anticipation of ECB head Christine Lagarde's speech this Friday. She is expected to reveal both her own and the regulator's attitude regarding the bank's future …
The currency pair is traded at the upper boundary of the descending price channel and at the upper boundary of the Ichimoku cloud. The Stochastic Oscillator indicator signals oversoldness.
Trading recommendations:
Buy strictly while the descending structure is forming, where the wave (AU) breaks through the inclined channel of the …
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